DEFAULT IN PAYMENT BY CUSTOMER Sample Clauses

DEFAULT IN PAYMENT BY CUSTOMER. If the Customer fails to meet its payment obligation within the payment period or by the specified due date or does not provide a reasoned objection, the Customer shall be in default upon expiration of such period and must pay default interest of 6% p.a. The Customer shall be billed for reminder fees plus default interest. Default also occurs if a partial amount of the bill is dis- puted and the undisputed part is not paid, or if Sunrise has rejected the Customer’s objection as unfounded. If payment is not made despite a reminder setting rea- sonable grace period, Sunrise shall be entitled to dis- continue the contractual Services without prior notice and without affecting Customer’s payment obligation. If payment is still not made after a further grace pe- riod, Sunrise may terminate the relevant agreement for good cause. Sunrise is entitled to engage a third party for debt col- lection at any time. The Customer must pay the fees charged by the debt collection company for this pur- pose and must pay them directly to the third party en- gaged for the collection. In addition to these minimum fees, the Customer shall compensate the third party for the individual costs and expenditures incurred for purposes of the debt collection.